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Problem 1: On December 31, 2020, Park Company sold used equipment with a carrying amount of P2,000,000 in exchange for noninterest bearing note of P5,000,000 requiring ten annual payments of P500,000. The ?rst payment was made on December 31,2020. The market interest for similar note was 12%. The present value of an ordinary annuity of 1 at 12% is 5.65 for ten periods and 5.33 for nine periods. What is the carrying amount of the note receivable on December 31,2020?
a. 5,000,000
b. 2,325,000
0. 2,665,000
d. 4,500,000
Felix, a single taxpayer, claimed $180 of state tax as an itemized deduction on his 2013 tax return. The total itemized deductions on his tax return were $6,215. In 2014, he received a $25 refund from the state. What is the amount Felix has to report..
The Vice President carol, What would be the break-even point in units and in dollar sales using the selling price you have determined?
Problem: Plankton Corporation had the following transactions related to short-term investments during 2019:
Determine the distributable profit for the year ended 31 March 2020. During the year to 31 March 2020, the company made an after-tax profit of £800,000
What are some of the resources that families and individuals can use to reach their financial goals? Why is it important to take stock of these resources
What is the impact on net operating income by discontinuing housekeeping program and Input the amount as a positive value and should the housekeeping program be discontinued
Bad debts amounting to $2 600 were written off during the period. What the cash receipts from sales during the year amounted to
expected stock price and after the stock split.urlacher digitals stock is trading at 120 a share.nbsp the company plans
Hinghol Co, a Philippine corporation, For what amount of foreign exchange gain or loss should be recorded on December31, 2020?
Calculate the break-even point and determined that this is your manufacturing limits based on your fixed monthly expenses
question 1why is needs assessment information critical to the development and delivery of an effective hrd
Which of the following is not a use of the cost of production report?
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